|9 Months Ended|
Sep. 30, 2021
|Schedule of Fair Value Assumptions||
The fair value of the earnout is arrived at using the Black-Scholes option pricing model (“OPM”) using the following assumptions:
The assumptions used in the Black-Scholes OPM were as follows:
The private warrants were valued at $2.81 and $2.43 per warrant as of September 2, 2021 and September 30, 2021, respectively, under the Black-Scholes OPM using the following assumptions:
Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef